Friday, August 8, 2014

BEA Prelim. July Rpt: Q2 2014 US GDP Strengthened to +4.0%, Up From Weak -2.1% Q1

Q2 report reverses negative trend (Up, then Down, now Up), up a huge 6.1% quarter-over-quarter, strength driven by Personal Consumption and Private Investment. Best GDP result in three quarters. Survey of 43 economists has consensus Real GDP of ~3.0% for second half of year:

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